First Foundation Advisors Decreases Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

First Foundation Advisors lessened its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 13,266 shares of the company’s stock after selling 1,268 shares during the quarter. First Foundation Advisors’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. UBS Group AG increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.9% during the 4th quarter. UBS Group AG now owns 6,202,313 shares of the company’s stock worth $508,838,000 after purchasing an additional 177,582 shares during the last quarter. Captrust Financial Advisors grew its holdings in iShares 1-3 Year Treasury Bond ETF by 8.7% during the first quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after purchasing an additional 379,718 shares during the period. Pinebridge Investments L.P. increased its position in iShares 1-3 Year Treasury Bond ETF by 7.3% in the fourth quarter. Pinebridge Investments L.P. now owns 4,093,000 shares of the company’s stock worth $335,790,000 after buying an additional 280,000 shares during the last quarter. Raymond James & Associates raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 9.1% in the second quarter. Raymond James & Associates now owns 3,021,899 shares of the company’s stock valued at $246,738,000 after buying an additional 250,959 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 3,931.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,896,152 shares of the company’s stock valued at $155,560,000 after buying an additional 1,849,118 shares during the last quarter. 23.62% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.97 on Tuesday. The stock has a fifty day moving average of $82.32 and a 200-day moving average of $81.76. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.62 and a fifty-two week high of $83.06. The company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.2883 per share. The ex-dividend date was Tuesday, September 3rd.

iShares 1-3 Year Treasury Bond ETF Profile

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.